Financing for eligible rural homes
The USDA Single Family Housing Guaranteed Loan Program may offer eligible borrowers financing without a down payment for a qualifying primary residence in an eligible area. Household-income, credit, property, and other program requirements apply.
Guarantee fees and closing costs
USDA guaranteed loans may include an upfront guarantee fee and an annual fee collected through payments. These differ from conventional PMI. No down payment does not mean no fees, closing costs, prepaid expenses, or required cash in every transaction.
Check eligibility
Program availability depends on the household, property, and lender requirements. Ask your Loan Officer to check the property location, income limits, and current costs for your circumstances.
First Rate Home Loans, LLC is not affiliated with or acting on behalf of FHA, VA, USDA, or the federal government.
Discuss your options
A Loan Officer can explain product availability, eligibility, and costs for your situation. Find your Loan Officer.